Low Tuck Kwong’s Company (MYOH) Acquires Transkon Jaya (TRJA)


16 Nov 2023


Dilansir Oleh


JAKARTA, investor.id – PT Samindo Resources Tbk (MYOH), a portfolio company of Low Tuck Kwong, has signed a conditional share purchase agreement (CSPA) with the controlling shareholders of PT Transkon Jaya Tbk (TRJA) on November 14, 2023.

“In the CSPA, the conditions to be fulfilled by the parties in the process of taking over TRJA shares have been agreed upon before the takeover is completed in full,” explained Samindo Resources Corporate Secretary Ahmad Zaki Natsir in a disclosure on Thursday (16/11/2023).

The estimated number of TRJA shares to be acquired is the shares owned by PT Damai Investama Sukses and PT MSJ Investama Abadi, totaling 1,238,364,000 shares in TRJA.

“The takeover of TRJA controlling shares is one of the company’s business development strategies,” said Ahmad Zaki.

“The acquisition is only carried out by one party, namely the company. There is no organized group involved in the TRJA takeover,” he continued.

According to Ahmad Zaki, the acquisition will diversify the company’s services and strengthen its position in the mining services industry.

PT Transkon Jaya Tbk is an established local company based in Balikpapan, East Kalimantan, specializing in the rental of 4×4 and 4×2 vehicles for the mining, oil and gas, and construction industries, including light vehicles, light trucks, and buses, manhauls, ambulances, service bodies, rescue vehicles, and many other special vehicles.

Transkon operates on several islands: Kalimantan, Sumatra, Sulawesi, West Nusa Tenggara, Maluku, and Java, including building workshop facilities in 43 different mining locations to support a fleet of more than 2,000 rental units in 2019.

Meanwhile, Samindo Resources is a leading investment holding company and a public company in Indonesia, engaged in the integrated coal mining services industry.

As of October 31, 2023, conglomerate Low Tuck Kwong is recorded as holding 14.18% of Samindo Resources (MYOH) shares.

Source : https://investor.id/market/346164/emiten-low-tuck-kwong-myoh-akuisisi-transkon-jaya-trja